4590 US-45 | Watersmeet, MI 49969
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4590 US-45
Watersmeet, MI 49969
FAMILY DOLLAR · Retail Property For Sale
Investment Highlights
- 2014 build-to-suit construction for Family Dollar
- Absolute NNN lease with zero management responsibilities
- Rare 10% rent increase during the base term (cap rate will increase to 8.25%, assuming a purchase at list price)
- ±6.50-Years remaining on the base term of an initial 15-year lease
- Attractive 7.50% cap rate for a long term stabilized Family Dollar asset
Property Facts
Property Type
Retail
Building Size
8,320 SF
Year Built
2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
5.16 AC
Zoning
R 1
Property Taxes
| Parcel Number | 06-22-704-400 | Improvements Assessment | $0 |
| Land Assessment | $58,802 | Total Assessment | $58,802 |
Property Taxes
Parcel Number
06-22-704-400
Land Assessment
$58,802
Improvements Assessment
$0
Total Assessment
$58,802
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